Africa News
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Nigeria to Create Wealth Fund With Oil Revenue as Country Seeks 10% Growth
Nigeria’s government is targeting economic growth of 10 percent as it creates an oil-financed infrastructure fund, encourages foreign investment in the power industry and abolishes fuel subsidies that have drained the national purse, Finance Minister Olusegun Aganga said.
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Anglo Unit Kumba Says Imperial's Sishen Rights Application Is `Fraudulent'
Kumba Iron Ore Ltd. , a unit of Anglo American Plc, said an application by Imperial Crown Trading for a partial right over its Sishen ore mine in South Africa is “fraudulent.”
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Nigeria to Create Wealth Fund With Oil Revenue as Country Seeks 10% Growth
Nigeria’s government is targeting economic growth of 10 percent as it creates an oil-financed infrastructure fund, encourages foreign investment in the power industry and abolishes fuel subsidies that have drained the national purse, Finance Minister Olusegun Aganga said.
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Rand Rallies to More-Than 2 1/2-Year High as U.S. Payrolls Beat Forecasts
South Africa’s rand rallied to a more than 2 1/2 year high after a report showed U.S. companies added more jobs than forecast in August, easing concern the world’s biggest economy was falling back into recession.
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